Overview
- Nasdaq confirmed Nebius will join the Nasdaq‑100 on June 22, a move announced June 15 that is forcing index‑tracking funds to buy the stock and helping drive recent inflows and heightened trading volume.
- Nebius completed its acquisition of inference specialist Eigen AI on June 10, integrating model‑optimization technology into its cloud stack to support real‑time inference services.
- The company reported Q1 results showing $399 million in revenue, a 684% year‑over‑year increase, and a swing to positive adjusted EBITDA that analysts say validates fast commercial traction.
- Nebius’s growth is underpinned by large hyperscaler agreements — a multiyear ~$17 billion Microsoft GPU deal and an up‑to‑$27 billion arrangement with Meta — plus a $2 billion Nvidia investment and a new 5.6% stake by Situational Awareness.
- Significant risks remain: management plans $20–$25 billion of 2026 capex and multi‑gigawatt power builds that create execution and permitting challenges, insiders have sold shares under planned programs, and valuation models diverge sharply among analysts.